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Analyst explains why Polkadot’s DOT is up 50% in a week, outpacing Ethereum Analyst explains why Polkadot’s DOT is up 50% in a week, outpacing Ethereum

Analyst explains why Polkadot’s DOT is up 50% in a week, outpacing Ethereum

While Polkadot’s native token DOT is down 10 percent in the past day, it is still up 50 percent in the past week after it has undergone an extreme rally, outpacing basically all other large-cap cryptocurrencies.

Analyst explains why Polkadot’s DOT is up 50% in a week, outpacing Ethereum

Cover art/illustration via CryptoSlate

While Polkadot’s native token DOT is down 10 percent in the past day, it is still up 50 percent in the past week after it has undergone an extreme rally, outpacing basically all other large-cap cryptocurrencies.

DOT is now the sixth-largest cryptocurrency in the world by market capitalization, having moved past Bitcoin Cash (BCH).

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